Marigold Corp. was organized on January 1, 2022. It is authorized to issue 10,500 shares of 8%, $100 par value preferred stock, and 477,000 shares of no-par common stock with a stated value of $2 per share. The following stock transactions were completed during the first year. Issued 75,500 shares of common stock for cash at $4 per share. Jan. 10 Mar. 1 Issued 5,650 shares of preferred stock for cash at $105 per share. Apr. 1 Issued 25,000 shares of common stock for land. The asking price of the land was $86,500. The fair value of the land was $83,000. May 1 Issued 84,500 shares of common stock for cash at $4.25 per share. Aug. 1 Sept. 1 Nov. 1 Issued 2,500 shares of preferred stock for cash at $111 per share. Issued 11,000 shares of common stock to attorneys in payment of their bill of $41,000 for services performed in helping the company organize. Issued 10,000 shares of common stock for cash at $6 per share. Your answer is partially correct. Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Jan. 10 Cash Common Stock Paid-in Capital in Excess of Stated Value-Common Stock Mar. 1 Cash Preferred Stock Paid-in Capital in Excess of Par-Preferred Stock Apr. 1 Land Common Stock Debit 302000 593250 83000 Credit 7550 22650 565 58760 2500 Apr. 1 Land Common Stock Paid-in Capital in Excess of Stated Value-Common Stock May 1 Cash Common Stock Paid-in Capital in Excess of Stated Value-Common Stock Aug. 1 Organization Expense Common Stock Paid-in Capital in Excess of Stated Value-Common Stock Sept. 1 Cash Common Stock Paid-in Capital in Excess of Stated Value-Common Stock 83000 359125 41000 60000 2500 5800 8450 27462 1100 3000 1000 5000 Paid-in Capital in excess of stated value-CommTION LOCK Aug. 1 Organization Expense Common Stock Paid-in Capital in Excess of Stated Value-Common Stock Sept. 1 Cash Common Stock Paid-in Capital in Excess of Stated Value-Common Stock Nov. 1 V Cash Preferred Stock Paid-in Capital in Excess of Par-Preferred Stock 41000 60000 277500 21402 1100 3000 1000 5000 250 27500